Nikkei, Topix advance on day
by Elaine Frei
The Nikkei 225 and the Topix index were both up slightly in Tokyo on Thursday, but the Tokyo Stock Exchange’s Mother’s index of small-cap companies dropped 3.9 percent to 1,317.80 on unsatisfactory earnings results and on corporate governance issues. The Nikkei added 0.2 percent to 15,503.74, mostly on export-focused stocks, while the Topix was up 0.3 percent to 1,584.56.
The transport equipment sector added 0.9 percent as a whole. Automobile manufacturers Toyota and Nissan each advanced by 1.5 percent on the day, to ¥6,020 and ¥1,370 respectively.
Kikkoman was up 7.2 percent to ¥1,528 after the Daiwa Institute of Research advanced the world’s largest maker of soy sauce to its highest rating, saying that it was in a period of growth due to domestic restructuring and foreign sales that are increasing.
Map publisher Shobunsha added 5.4 percent to ¥1,528 on the strength of its new Tokyo parking guide, which will be published next week. The gains came on the day when new, more stringent parking rules were to be implemented in Tokyo.
Meanwhile, the banking sector as a whole gained 1.1 percent, with Mitsubishi UFJ adding 1.3 percent on the day to ¥1,550,000.
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